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Sri Lanka has opted to set up a common air-sea cargo facility, with an initial proposal on the project due in November.Sri Lanka has opted to set up a common air-sea cargo facility, with an initial proposal on the project due in November. Minister of Ports and Aviation Mangala Samaraweera told Lanka Business Online that […]
Lifting The Veil
Sri Lankan firms are now allowed to buy shares or convertible debentures in Indian companies under Foreign Direct Investments, the Reserve Bank of India said Tuesday.Sri Lankan firms are now allowed to buy shares or convertible debentures in Indian companies under Foreign Direct Investments, the Reserve Bank of India said Tuesday. The move is subject […]
Fresh Bet
The Mahapola Trust Fund will test its luck at the lotteries game again, with a court injunction against its partnership with US lotteries operator GTECH Holdings withdrawn in August. The Mahapola Trust Fund will test its luck at the lotteries game again, with a court injunction against its partnership with US lotteries operator GTECH Holdings […]
Work Load
Sri Lankan employers have another problem to deal with – work related stress is on the rise but employers and employees are getting more stressed out instead of coping with it. Sri Lankan employers have another problem to deal with – work related stress is on the rise but employers and employees are getting more […]
The US gives US$ 100,000 to supply drinking water to drought affected families
The US has given a US$ 100,000 to the Sri Lanka Red Cross to supply drinking water to 12,000 drought affected families.The US has given a US$ 100,000 to the Sri Lanka Red Cross to supply drinking water to 12,000 drought affected families. Channelled through the US Agency for International Development (USAID), the Sri Lanka […]
Seylan Merchant Bank is raising up to Rs. 200 mn in debt to feed its growing leasing business
Seylan Merchant Bank (SMB) is raising up to Rs. 200 mn in debt to feed its growing leasing business. Seylan Merchant Bank (SMB) is raising up to Rs. 200 mn in debt to feed its growing leasing business. The four-year unlisted debenture will open for subscription from Sept. 8 to Dec. 31., the bank said […]
Life Extension
Ceylinco Insurance says it is in talks with Hayleys AIG to acquire its life insurance business in Sri Lanka.Ceylinco Insurance says it is in talks with Hayleys AIG to acquire its life insurance business in Sri Lanka. Hayleys AIG, which has over 6,000 life policyholders at present, plans to concentrate on general insurance in the […]
Stress Test
Mental illness is on the rise in the island but Sri Lankans prefer popping pills to pottering of to see a shrink.Ironically, psychiatrists don’t feel like treating Sri Lankan’s either.Mental illness is on the rise in the island but Sri Lankans prefer popping pills to pottering of to see a shrink. Ironically, psychiatrists don’t feel […]
Call Transfer
A proposed rural telecom fund for network development will not be set up, instead monies coming from overseas call operations will be held by the industry watchdog.A proposed rural telecom fund for network development will not be set up, instead monies coming from overseas call operations will be held by the industry watchdog. The Vishwa […]
Govt.’s role to expand, as private sector cant lead the country on its own
The Treasury Secretary said they plan to expand the role of the government because they think the private sector alone can’t lead the country.The Treasury Secretary said they plan to expand the role of the government because they think the private sector alone can’t lead the country. But he says the state has got the […]